KitchenAid Total Replacement Plan

A few years back, I purchased a KitchenAid coffeemaker from a Salvation Army thrift store for $4.00. When I got it home, I found out it was recalled and KitchenAid wanted it back. They sent me a brand new upgraded coffeemaker and I sent them the old one back all on their dime.

Today in the mail I got an extended warranty plan for the coffeemaker:

A few years back, I purchased a KitchenAid coffeemaker from a Salvation Army thrift store for $4.00. When I got it home, I found out it was recalled and KitchenAid wanted it back. They sent me a brand new upgraded coffeemaker and I sent them the old one back all on their dime.

Today in the mail I got an extended warranty plan for the coffeemaker:

A few years back, I purchased a KitchenAid coffeemaker from a Salvation Army thrift store for $4.00. When I got it home, I found out it was recalled and KitchenAid wanted it back. They sent me a brand new upgraded coffeemaker and I sent them the old one back all on their dime.

Today in the mail I got an extended warranty plan for the coffeemaker:

1 year for $82.95
2 years for 149.31
3 years for 211.52.

I think I'll get the three year plan.

Same as the ones that I got for a Samsung Blu-Ray player and multiple LG lcds. The prices are crazy. If I was going to go the extended-warranty route it would be Squaretrade (except once I got a manufacturer one that was dirt cheap - still don't know why but I did use it so it made it worthwhile).

The cost for some extended warranties is totally crazy. I've gotten a few on my desktop computer (way out of warranty by now) where they wanted over 50% of the cost of a new one for a two year warranty.

The cost for some extended warranties is totally crazy. I've gotten a few on my desktop computer (way out of warranty by now) where they wanted over 50% of the cost of a new one for a two year warranty.

50% is at least somewhat realistic (although I wouldn't go for it). If these companies are peddling this kind of stuff they must get a fair amount of suckers to actually purchase an extended warranty that costs 200% of the original MSRP.

It reminds me of the Late Gary Coleman / Cash Call advertisment. In the fine print it states:

"The APR for a typical loan of $2600 is 99.25% with 42 monthly payments of $216.55".